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Jan 8, 2013 2:00am PST
the bill for others. that is why some companies are relocating to switzerland, for instance. >> 66-year-old george moved to switzerland 20 years ago to set up a software company in geneva. he made over 200 million euros. now, many of his fellow greeks are looking to follow in his footsteps, and he can see why -- not only does he love the beautiful swiss countryside and the country's efficiency, he also appreciates its low rate of taxation. >> it is not illegal, but morally unacceptable that in some comfort -- countries, you have to pay 50% tax. anybody who wants to have a good quality life -- i find it proper no more. it has to do with tax. >> tax regulation is especially business friendly, which is why thousands of businesses are headquartered, at least on paper, here. a growing number of greek businesses are here as well. christoph knows why. he has just helped a company set up business. in switzerland, the corporate tax rate is just 5%, compared to 20% in greece. he shows colleagues how he said it up. tax breaks are one of several factors that make switzerland highly attractive to bu
Jan 14, 2013 3:30am PST
shows one guy which is italian, and he goes to work in switzerland. he is not integrated at all. what does he do? he preaches his hair blond to be integrated, to look as if he was from switzerland. at a football game, he is looking with all the other men, and it is italy against switzerland. at one time, the italians win. i find it beautiful and emotional at the same time. he betrayed himself through that reaction, and at the same time, it was beautiful, but at the same time, it is sad that you have to change your color or to hide it. that you have to do something like that to deny even your origin. you have to be proud of your urgent and to show it. >> you are giving me a challenge and a challenge -- giving me a challenge and yourself a challenge. what about cult? that is not something to hide behind. it is so out there, and yet, it can be quite important part of your collection. why? >> i have been very marked by the movement. -- what about punk? >> it is not like a creation, absolute. it is part of living in society. of course, the punk movement was very important. like already tak
Jan 4, 2013 2:30pm PST
is a rival of the prime minister and he appealed for unity among the religious groups. switzerland oldest private bank is closing its doors for good doctor pleading guilty to helping americans evade taxes. they admitted they helped wealthy customers tied over $1 billion from u.s. authorities. >> they have agreed to pay a multimillion-dollar settlement after a case in which the swiss bank ubs was fined a record sum this. it is quite common in the financial landscape in switzerland. you're going to potentially seymour fines being paid and more names of tax evaders being given to the authorities. >> what about the american customers who put their money in to avoid paying taxes. >> they have broken u.s. law. i suspect there will be drastic fines. also, they are going to have subsequent tax payments for those people who tried to get around it in the first place. >> it took them one year to make this case. why is it taking so long in europe? >> the u.s. authorities seem more determined. they seem to be quicker results down there is one aspect that may contribute to this picture. it is a big fin
Jan 4, 2013 2:30pm PST
it was legal in switzerland. those words have huge implications for the 13 other swiss banks under investigation. >> he said all swiss banks acted in the same way, that is what u.s. authorities are waiting for. they claim what about many, certainly a problem for other swiss banks. >> the government is desperate to reach a deal with the u.s. similar to those agreed with britain and germany. they will charge foreign clients a withholding tax. negotiations have proved fruitless. many believed switzerland is trying to square and a possible circle, satisfy foreign governments determined to reclaim tax revenue, and still protect the banking secrecy. it seems pretty clear, either the secrecy goes or the bank chose. >> u.s. lawmakers are demanding an inquiry after a show oil- drilling ship ran aground off the coast of alaska. crews of a struggling to recover the heavy seas. they insist no oil has been spilled. but the incident has heightened concerns about the environmental risks of drilling in the arctic. >> this is a drilling rig. now grounded in one of the most inhospitable places on ea
FOX Business
Jan 18, 2013 3:00pm EST
to be in davos switzerland at the world economic forum talking to all the big names in business, world leadership, technology, including paul jacobs, qualcomm ceo, many people aren't even aware that qualcomm's chips are powering their every day lives. we're talking smart phones. paul jacobs owning it in that space. he's becoming known as kind of the smart phone king. so be sure to watch that interview. i'm going to pick his brain about all things wireless and where he really believes that the wireless trend is going to go. are the phones get more expensive bigger like we saw in the consumer electronics show? we're going to watch that. we will hear from him. paul jacobs and so much more coming up from me next week at the world economic forum. i want to check morgan stanley. it is one of the biggest market gainers today. the stock trading at a 52 week high. after the firm delivered better than expected earnings, blowing away wall street estimates. this gain of about 7 1/2% is the biggest one-day gain in more than 7 months. let's get to the guy who runs the show, no, not charlie gasparino, sorry cha
FOX Business
Jan 25, 2013 3:00pm EST
in davos switzerland where she's been talking to business leaders around the globe. today no different, she's got a big couple of interviews, big interviews coming up. first up, she's got the ceo of dow chemical, andrew liveris. he has some bold ideas on creating more jobs in this country. we need those. then she's going to go one-on-one with bill gates, you know the guy who helped create that little company known as microsoft. liz touches all the bases with him. you cannot afford to miss these interviews. but first to the day on wall street, on this friday, stocks are trading at their best level in more than five years. here we are again, this week appears to be ending on a high note. take a look at the major averages. you have the dow up 51 points, 11th time the dow is up in the last 12 days. take a look at the s&p. s&p moving higher as well, almost a half percent. and that's the fourth week in a row rise for the s&p. and the nasdaq which has had a rougher week because of some technology disappointments like apple, nasdaq is up 21 points right now. consumer discretionary stocks leading th
Jan 13, 2013 1:15am EST
and similar laws are in progress in italy. in switzerland after a popular referendum to banda construction of minarets despite the fact very few mosques in switzerland had them there only for in the whole country of 150 mosques. and it is clearly symbolic with the architectural issue. july 2011 tear struck northern europe. murdering approximately 76 people on the government buildings and shooting a young representatives of the labor party who gathered for a youth camp. confessing to a crime but claimed he is not the fault, released on the day of the attack released a 1500 page manifesto that he aligned a theory based on his actions that you must fight against the oscar judges solmization. the legal side so far with religious centers to express the conscientious commitment no bands of the headscarf or burqa are proposed but there is numerous attends to force up the mosque like here or proposals to bid the application of sharia law. and there has been horrific violence. the attack left several -- several people dead. my book argues says my a philosophy helps us to with this time of suspicion
Jan 14, 2013 2:00am EST
switzerland. i would like to let you know the difference between the philosophy of guns from germany and switzerland. hitler had first made sure that all guns were registered before taking over germany. he said they had to be registered because the crime rate was so high. once the guns were registered, he knew where to go to take guns away from people. switzerland, every family has to have a gun. it is given to them by the government. every adult is trained on how to use the gun. because other countries had been disarmed, hitler knew he could. switzerland has lowest crime rate in the world. they have not disarmed. i am hoping we can learn from history. [applause] >> i am 65 years old. california native. brought up by my father to respect firearms from the time i was 8 years old. he is a world war ii veteran, european theater. i remember him saying to me, i want to be sure that you are safe from firearms. i think education is a critical issue in this. i find it hypocritical when fear and hysteria takeover people that i would categorize as the antigun lobby or faction, because of ignor
FOX Business
Jan 24, 2013 3:00pm EST
with gary kelly is next. plus, liz claman on the scene in switzerland, liz? >> it's in full swing, and we are too on fox business. coming up on this hour of "countdown to the closing bell" heavy hitters from coca-cola ceo to the ceo of merck, and the ceo of cisco giving his 2013 outlook. that's all coming up here on fox business. ♪ twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >> one bad apple is with a bunch of suppliers. on the floor with what you call the apple trickle down effect, and we knew we would see this today, nicole. >> that's right. there's cause and effect. start off with apple, the comp
Jan 25, 2013 6:30pm EST
in switzerland for more than ten years. she explained the new move living in switzerland, saying, i'm very happy living in switzerland, and a feel at home here. i could not imagine a better place to live. coming up next, our person of the week. the man behind that dress, what did he know about the first lady, nobody else saw? s. you wouldn't want your doctor doing your job, the pitch! lady nobody else saw? so why are you doing his? only your doctor can determine if your persistent heartburn is actually something more serious like acid reflux disease. over time, stomach acid can damage the lining of your esophagus. for many, prescription nexium not only provides 24-hour heartburn relief, but can also help heal acid-related erosions in the lining of your esophagus. there is risk of bone fracture and low magnesium levels. side effects may include headache, abdominal pain and diarrhea. call your doctor right away if you have persistent diarrhea. other serious stomach conditions may exist. don't take nexium if you take clopidogrel. let your doctor do his job. and you do yours. ask if nexium is right
Jan 27, 2013 12:00pm PST
forum in davos, switzerland. you just heard my interview with eric cantor. one of the most influential congressman. christine romans is the host of "your bottom," john avlon, contributor, and margaret hooven is a cnn contributor and consultant. congressional approval ratings were the lowest in history in 2012, they stand at 14% right now according to the most recent numbers from gallup. did anything you heard from eric cantor make you feel that 2013 is going to be a more productive legislative year, a more productive year in congress? >> well, let's be fair, ali. they've just stopped using the debt ceiling as a bargaining tool and decided to put it off for three months and try to negotiate. we can all admit that is a proactive, constructive, positive step in the right direction. you would agree with that. secondly, he did promise to say we will work towards health care entitlement reform in a bipartisan way. you heard it. i heard it. let's see if they can move on it. some folks are shaking their heads, don't believe it, but he said it to you. let's hold him to it. >> we'll see. i asked
FOX Business
Jan 23, 2013 11:00am EST
both in switzerland. liz claman is there. dagen: where in the world has walt mossberg been? he is in vegas. he is back and he talks about the goods, the bad and the ugly. you get a laptop and you get a tablet. he will weigh in on that. here are some of today's winners on the s&p. ♪ copd makes it hard to breathe, but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not be used more than twice a day. people with copd taking advair may have a higher chance of pneumonia. advair may increase your risk of osteoporosis and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking advair. if you're still having difficulty breathing, ask your doctor if including advair could help improve your lung function. get your fi
FOX Business
Jan 21, 2013 3:00pm EST
>> i'm cheryl casone in for liz claman. she's off to davos switzerland for the world's economic forum. more on that later on. happy martin luther king jr. day everyone and happy inauguration as president obama officially begins his second term. you might be off today, but we are open for business. let's make you some money. did you invest after inauguration day four years ago? well, you'd be in great shape if you did. check out the dow. since president obama took office, up nearly 65% in that time frame. and if you think that is good, the s&p up nearly 75% in the same time period. and one of the best performing sectors under the president has been technology. second only to consumer discretionaries. the tech sector up more than 100% over the past four years. and 13 days of trading into 2013, the tech sector continuing its gains of just under 2% and this week is a big week for tech earnings, everyone. coming up, we will break down the most important things you need to know about the big reports. and are you better off than you were four years ago? well, at least your 401(k) might
FOX Business
Jan 23, 2013 3:00pm EST
, switzerland where she is real and the biggest names in business starting with the chairman and ceo of etna, talking about health care spending and impact on the fiscal cliff. wait till you hear what he says about the flu outbreak. and then it is the smart phone revolution. qualcomm wants to the part of a shift toward value funds, particularly in china and other emerging markets. we will get the inside scoop from qualcomm chairman and ceo paul jacobs. stocks near the best levels of the day trading at five year highs. take a look at markets which are trending higher. are you tired of seeing stocks go up? look at the dow, higher by 77 points and nasdaq by 17 antaeus and the higher by three points. we will take you through the close. one more hour in this trading day. then there is ibm, best performer on the dow adding roughly 73 points. shares are up almost 5%, more than $9. quarterly earnings beating estimates. big blue also uping its 2013 forecast, stronger demand for services. google, another standout. lifting the nasdaq, internet search giant is up 6% as you can see on your screen, basica
Jan 26, 2013 4:00am PST
. >> the woman who built her career here in the usa, is now becoming a citizen of switzerland. what's going on here? tanya rivero is on the story. >> reporter: this is surprising, given tina turner classic all-american success story, from a small southern town. she rose to fame, overcoming abuse to become an international star. even if her story is uniquely american, it seems her passport won't be for much longer. ♪ what's left got to do got to do with ♪ >> reporter: it appears love has a great deal to do with tina turner's shocking decision to trade in her u.s. passport for a swiss one. the global superstar has lived outside zurich for the past eight years with long-time partner, german record exec, irwin bach. she told a german paper, i'm very happy in switzerland and i feel at home here. i cannot imagine a better place to live. ♪ you're simply the best >> reporter: but some believe her motives may not be so simple. >> any celebrity that makes such a bold change in her life does it for multidimensional reasons. maybe the increasing tax rates on very high income earners in the united
Jan 3, 2013 5:30am PST
people and wounded two others in switzerland. it happens in a southern village. the gunman had reportedly been drinking heavily before the shooting. he has been arrested. venezuela's opposition says it was clear answers on the position of president chavez as she battles cancer. the health of the long time -- as he battles can sen. he is going through a full round of -- as he battles cancer. he is going through a full round of cancer treatment. the bolivian government has ideas of its own about the rain forests. >> she has lived and worked in the rainforest 40 years. >> i cultivate coffee and it grows well. i go to the village in order to sell it and buy groceries. >> nearly half of bolivia is rain forest. it is losing trees by 330,000 hectacres a year. the strategy calls for particular countries to conserve through carbon trading. the government of checks to the plan and has recently passed a plan of its own -- the government of checks to the plan and has recently passed a plan -- objects to the plan and has recently passed a plan of its own. the mother earth law says the land has a right
Jan 3, 2013 10:30am PST
into the operational surveillance -- i am moving to switzerland. this would not be a safe country. everyday, you would have to take hundreds if not thousands potential target names to congress to have them say yay or nay. >> no one suggests they take them to congress. that is what courts are for. >> we have something that is created by those so created -- concerned by civil liberties. >> the recent amendments extend the revision of the law to prevent what the original law was passed to prohibit. >> if congress wanted to do something about this, there is nothing to stop them from doing it in camera. the idea that we are going to say john smith of idaho is of interest to us and have a hearing about whether or not we can wiretap him -- >> nobody is asking congress to look at names to wiretap. they are asking questions. people on the intelligence committee are tasked with the oversight of protecting us. how many americans are picked up? what do you do with the information was you have it? >> these are questions and protections that senator wyden was talking about. he is a member of the senator -- of the s
Jan 26, 2013 2:00pm PST
of the world economic forum based in the height of switzerland and year. the main focus has been on the eurozone and whether or not there are any green shoots of recovery. >> more than 1000 delegates have taught here over the course of five days for the ways to kill them. bill of the dream was resilient dynamism. there is plenty to plenty of resilience a little dynamism the added value is for global leaders from the public and the private side to get together and exchange ideas. people come back from here, a batteriesed,, loaded. >> the form called for an unprecedented $14 trillion dollars to make environmentally friendly. without decisive steps to protect the plan, sustainable growth cannot be guaranteed. >> the other big prices is the referendum on the european union and the crisis in the eurozone. it ranged high all week. they set out their visions for economic recovery. >> as my colleague said, competitiveness is the central issue for assuring austerity for your in future. >> the top price ticket is $163,000. did the delegates get that for money that they have access to more
Jan 27, 2013 4:00am PST
with "touch & go." >> thank you, randi. >>> the slopes in switzerland. so, what can skiing teach us about money? well, we'll sort it out. >>> but, first, let's check in with dr. sanjay gupta for a look at what's coming up . >> i'm going to share a big investigation into the safety of flame retardant chemicals that are almost everywhere we turn. they may not work as advertised. >>> i'm talking to hannah storm that talks about a serious accident that left her with second degree burns. all that coming up at 7:30 a.m. eastern. wait for it... wait for it... [ dog ] you know, i just don't think i should have to wait for it! who do you think i am, quicken loans? ♪ at quicken loans, we won't make you wait for it. our efficient, online system allows us to get you through your home loan process fast. which means you'll never have to beg for a quick closing. one more way quicken loans is engineered to amaze. bonkers, look at me when i'm talking to you. >>> 25 minutes past the hour. top stories right now. watching a developing story in brazil. as many as 90 people may have been killed in a nightclu
Jan 27, 2013 11:30am PST
economy in davos, switzerland. why should you care? it all has to dowith your dollars and cents. >>> so does this. some stores are now charging you more to use your credit cards. we'll tell you why. i had enough of feeling embarrassed about my skin. [ designer ] enough of just covering up my moderate to severe plaque psoriasis. i decided enough is enough. ♪ [ spa lady ] i started enbrel. it's clinically proven to provide clearer skin. [ rv guy ] enbrel may not work for everyone -- and may not clear you completely, but for many, it gets skin clearer fast, within 2 months, and keeps it clearer through 6 months. [ male announcer ] enbrel may lower your ability to fight infections. serious, sometimes fatal events, including infections, tuberculosis, lymphoma, other cancers, nervous system and blood disorders, and allergic reactions have occurred. before starting enbrel, your doctor should test you for tuberculosis and discuss whether you've been to a region where certain fungal infections are common. you should not start enbrel if you have an infection like the flu. tell your doctor if yo
Jan 25, 2013 5:30pm PST
. anthony mason is at the davos meeting of world bankers in switzerland and, anthony, what's behind the surge? >> reporter: well, scott, it's been fueled by the improving economic picture. new numbers out today show that new home sales jumped 20% last year. unemployment claims have been falling steadily. all that has ordinary investors who fled the market in fear five years ago now jumping back in. look what's happened. in the past two weeks, nearly $15 billion has poured into stock mutual funds. that's the largest inflow since 2001. now, here in davos, nearly all of the bankers and business leaders that i've been talking to are more optimistic about the u.s. economy. here's what ken frazer, c.e.o. of the pharmaceutical giant merck, had to say. >> i think the u.s. economy is poised to take off. i think it's been through some tough times. i think it's the strongest economy in the world. i think the big challenge for us is to come up with long-term solutions to the debt and deficit situation that will create greater certainty for people to make investments. >> reporter: the c.e.o. of
Jan 7, 2013 4:00am PST
, germany, switzerland, west africa, all around the united states, switzerland, the amazon rain forest, and you know, like, the jungle healer medicine man >right >>>when they walk into the jungle, look at that plant, what's that for, what does that do for you. plants are not even in the food pyramid today. >> got fruits and vegetables, and you got fats, and meats, and dairy products, >> >>>but herbs are not on there. dinosaurs ate herbs, gorillas eat herbs, insect eat herbs, you know, deer, elk, and caribou, and moose eat herbs. these are powerful animals that, are sexually vigorous. androzene these natural food, it's completely safe, and it addresses the holistic system of the body. >> wanna pull back out is spontaneity. >>>um hum >>that is so important. i mean, for me, as a woman, >>>but, you know, here's the interesting thing, spontaneity is a big thing, and we no prescription erection pills are clumsy, in addition to the side effects of being nauseated, and sick to your stomach, and diarrhea, which aren't sexy, if you don't take that pill the right time it ain't happening, it ain't
Jan 23, 2013 4:00pm EST
, switzerland. bill griffith will rejoin me in just a moment. the dow closing at another five-year high. another within 400 points of an all-time high. here's how we're finishing the day on the street. the dow jones industrial average is higher by 66 points, 13,778. the nasdaq higher by 10.5. 3153. s&p higher by two. look at that. getting close to 1500 at 1494. don't forget, we are moments away from both netflix and apple earnings. first though let's get the latest on today's market movers. >> yeah. we got back with us again michael pento of pento portfolio strategies. also with us right now is kneel henessey from the henessey funds and our own brian schactman joining us here at the new york stock exchange. michael, a pretty good day. just heard matt cheslock saying it's kind of a bearish day because the average is masking a lot of stocks that were lower today. >> the rally is getting more narrow and i think we could be due for a pullback. you cannot fight the fed and cannot fight mario draghi. >> you want to ride this as long as it will go. >> yes, we are. please don't mistake that bullishness
FOX Business
Jan 18, 2013 4:00pm EST
to our economy than switzerland, france, canada, australia, china, japan, you go down the list. global corporations companies like ge they need balance sheets the size of what our major banks have in order to support their businesses globally. >> you guys, you don't, why wouldn't they just do all their business with jpmorgan instead of morgan stanley? >> there are range of businesses. i were correspondence banking, commercial finance, commercial lending there is whole range -- >> you think they could survive even if they don't break them up? >> our surviveability is not issue. question how much we'll thrive and how soon. think market's response today reflects that. in defense of our competitors, and there's a bit of a push now about this whole break you banks i think it is dead wrong. >> do you think they will actually do it? >> i pray and hope we don't do it. >> i didn't ask what you pray. do you think congress would take off. >> i don't think. >> that shed headline. you think this is noise. >> they will take up debate. reasonable people will get through and debates of series of these
FOX Business
Jan 24, 2013 4:00pm EST
for sure, david. david: just barely making it. liz claman at the world economic forum in davos, switzerland with the ben bernanke of one country that beat some stronger nations in growth since the height of the crisis. liz? >> i have a question for you, since 2009 which country comes out on top when it comes to the growth rate competition? is it australia? is it the u.s.? is it israel? is it the eurozone? let me tell you it is israel, thanks in part to the vigilance of my next guest. he is the central bank governor of israel, stanley fischer. thanks for being here. >> thanks for inviting me. liz: that is pretty impressive, israel's growth rate since 2009, 14.7%. while australia everybody think is so strong is 10.7%. to what do you attribute that? >> we were in a very strong position before the crisis began. so our recovery was very quick and we were growing by the middle of 2009, and we have been growing about 5% a year before that. we came whack back to that rate for a couple of years. that grew us up to 14. liz: you have cut rates four times over the past several months? >> yes. liz: is t
Jan 25, 2013 6:00pm EST
of state, business leaders, and others at the world economic forum in davos, switzerland. >> brown: from mali, lindsey hilsum looks at tensions caused by government troops as they advance into islamist territory. >> sreenivasan: spencer michels has a story about trash and one city's crusade to eliminate all of it. >> reporter: san francisco boasts that it recycles 80% of all garbage, and is aiming for zero waste. but some skeptics don't believe it. >> brown: plus, mark shields and david brooks analyze the week's news. that's all ahead on tonight's newshour. >> major funding for the pbs newshour has been provided by: >> bnsf railway. >> support also comes from carnegie corporation of new york, a foundation created to do what andrew carnegie called "real and permanent good." celebrating 100 years of philanthropy at >> and with the ongoing support of these institutions and foundations. and friends of the newshour. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> sr
Jan 25, 2013 10:00pm PST
of state, business leaders, and others at thworld economic forum in davos, switzerland. >> brown: from mali, lindsey hilsum looks at tensions caused by government troops as they advance into islamist territory. >> sreenivasan: spencer michels has a story about trash and one city's crusade to eliminate all of it. >> reporter: san francisco boasts that it recycles 80% of all garbage, and is aiming for zero waste. but some skeptics don't believe it. >> brown: plus, mark shields and david brooks analyze the week's news. that's all ahead on tonight's newshour. >> major funding for the pbs newshour has been provided by: >> bnsf railway. >> support also comes from carnegie corporation of new york, a foundation created to do what andrew carnegie called "real and permanent good." celebrating 100 years of philanthropy at >> and with the ongoing support of these institutions and foundations. and friends of the newshour. d... >>his ogram was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> sreenivasan:
Jan 23, 2013 6:30pm PST
at the economic forum in davos, switzerland has expressed optimism that the worst of the global economic crisis is over. >> some analysts warn the crisis will continue until better regulation is in place. the annual meeting is a forum for ideas on how to encourage economic growth and stability. some 50 heads of state and government are attending as well as some of the world's most powerful leaders in business and in finance. m still to come, more from london -- >> still to come, more from london, what they think about david cameron's announcement. >> we will also go to the world of tennis. one of the migrates in the world of tennis has fallen, and it is in your home country. just ahead. we will have more after the break. >> welcome back. we've become accustomed in recent years to the european union expanding, but could it be set to now lose one of its members? as we've mentioned before the break, i of david cameron has his way, britain could soon vote on weather to leave the block. >> waited this backlash come from? britain was one of the proponents of european integration. >> a famous britton
Jan 24, 2013 6:30pm PST
to be brewing in davos in switzerland. it is a different story in spain, though. things just keep getting worse. unemployment is at its highest level ever recorded. 26% of the work force were registered as out of work in the last quarter of 2012. that's nearly 6 million people. >> the eurozone [applause] fourth largest economy is stuck in recession. the conservative government has pushed ahead with a tough austerity program to lower the country's deficit. critics say those spending cuts are directly to blame for the rise in unemployment. but there's a bit of bright news in the eurozone -- portugal has made an early debut back on the financial market, successfully raising 2.5 billion euros in a debt auction this week. >> the government had to pay only 4.9% in interest, signaling investors are more confident about the country's finances. portugal was forced to accept an international bailout in 2011, the first time the country issue long-term bonds on the open market since then. then at a positive step for portugal [applause] finances, but the picture is still grim for many ordinary people. >> po
Jan 7, 2013 6:00am PST
headquarters in switzerland. the document sets out detailed plans in 14 categories, including vision for the games, venues, financing and safety. tokyo plans features, compact organization with about 85% of venues within an 8 kilometer radius. the city says it would use its national stadium as the main venue. the city says it will spend roughly $1.4 billion on refurbishing the stadium and increasing seating capacity to 80,000. istanbul, turkey, and madrid, spain, are also submitting bids to host the games. the ioc plans to pick the host city at its annual meeting in buenos aires, argentina, in september. >>> japanese government leaders are back in high gear after a long year and new year holiday break. prime minister shinzo abe and his cabinet ministers are getting ready to hammer out measures for revitalizing the nation's sluggish economy. abe put up a sign at a new office for a task force that's in charge of directing economic policies. all his cabinet ministers are set to hold a task force's first meeting on tuesday. high on the agenda are emergency measures to be included in an e
Jan 15, 2013 2:00am PST
and from canada and switzerland. some people even send money. most say "bravo. keep it up." >> the archdiocese is not talking to the media. the priest says he feels the fraternity went behind his back and feels that the rift between christians and muslims in france will only be worsened by the group's campaign. >> i disagree strongly with using slogans like that to raise money. i am bitter about it coming to this. >> the local muslim community is disappointed. this lawyer did not expect this kind of response. he says it would be possible to convert a church into a mosque because the building would not have to remain a mosque for all eternity. >> i thought religion was supposed to promote peace. how could they stoop so low end use insults like that? they sped in your face just because you are a muslim. you are treated like a terrorist. it is regrettable. >> the fraternity of st. aloysius has been given six months to raise the money to buy the church, and the chances are good that they will succeed, but they should not expect help from the parish priest. >> germany is in the
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